Rights groups applaud the decision as a victory for individual and religious freedom.
Revenues dropped 15 percent, despite the "first signs of improving trends in Mainland China.”
The Japanese fast-fashion chain, owned by Fast Retailing Co. Ltd., will enter its 18th geographic market this fall.
Liverpool acquired Suburbia for 19 billion pesos, or $1.04 billion.
The first two shows will be held in March and October 2017.
Moody’s says that off-price retailers will continue to take market share from traditional department stores.